The Dow Market Happenings For Wednesday, May 15, 2024 – Home Depot (HD) 340.50 Down -1.75% YTD

Dow stocks hitting 52-week highs include Goldman Sachs (GS) 458.47 (+1.08%) and JPMorgan (JPM) 201.51 (+1.40%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +165 points.

Tuesday the Dow closed up +126.60 (+0.32%) at 39,558.11.

Year-to-date the Dow is up +4.96%.

Tuesday, (17) Dow stocks were up, none made 52-week lows and (2) made 52-week highs.

The Dow stock winners Tuesday were led by Intel (INTC) 31.05 (+1.77%), JPMorgan (JPM) 201.51 (+1.40%) and Boeing (BA) 180.76 (+1.30%).

The Dow stock losers Tuesday were led by Walmart (WMT) 59.86 (-0.91%), Coca Cola (KO) 63.10 (-0.75%) and Visa (V) 277.74 (-0.59%).

The VIX closed Tuesday at 13.42 (+1.34%) and the 10 YR at 4.439 (-0.05%). The VIX is currently at 13.98 (-3.28%). The 10YR is at 4.360 (-1.82%).

The consumer price index, a broad measure of how much goods and services cost at the cash register, increased 0.3% from March, according to data released Wednesday. That was slightly below estimates for an increase of 0.4%. On a 12-month basis, the CPI increased 3.4%, in line with expectations. The previous month had shown a 3.5% reading. The important core measure that excludes food and energy came in at 0.3% monthly and 3.6% on an annual basis, both as forecast.

Retail sales were flat on the month, compared to the estimate for a 0.4% increase. That figure is adjusted for seasonality but not inflation, suggesting consumers did not keep up with the pace of price increases.

Boeing (BA) shares are down a 0.50% this morning after the Justice Department said that the aircraft maker broke a 2021 agreement that shielded the company from criminal charges related to past 737 Max crashes. The department said in a filing that the company violated the agreement by “failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations.” Boeing will have 30 days to respond to the filing and could face prosecution.

U.S. futures are higher, European stocks are mostly higher and Asian markets ended mostly lower.

The national average price of gasoline is down five-tenths of a cent at $3.607 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/21/24 after the market close with $0.98, beating estimates of $0.691 per share.

JPMorgan (JPM) reported earnings on 4/12/24 before the market open with $4.44, beating estimates of $4.184 per share.

Goldman Sachs (GS) reported earnings on 4/15/24 before the market open with $6.91, beating estimates of $6.633 per share.

Johnson & Johnson (JNJ) reported earnings on 4/16/24 before the market open with $2.71, beating estimates of $2.639 per share.

UnitedHealth (UNH) reported earnings on 4/16/24 before the market open with $6.91, beating estimates of $6.633 per share.

Travelers (TRV) reported earnings on 4/17/24 before the market open with $4.69, beating estimates of $4.746 per share.

American Express (AXP) reported earnings on 4/19/24 before the market open with $3.33, beating estimates of $2.965 per share.

Procter & Gamble (PG) reported earnings on 4/19/24 before the market open with $1.52, beating estimates of $1.418 per share.

Verizon (VZ) reported earnings on 4/22/24 before the market open with $1.15, beating estimates of $1.12 per share.

Visa (V) reported earnings on 4/23/24 after the market close with $2.51, beating estimates of $2.426 per share.

Boeing (BA) reported earnings on 4/24/24 before the market open with -$1.13, beating estimates of -$1.429 per share.

IBM (IBM) reported earnings on 4/24/24 after the market close with $1.68, beating estimates of $1.589 per share.

Caterpillar (CAT) reported earnings on 4/25/24 before the market open with $5.60, beating estimates of $5.118 per share.

Dow (DOW) reported earnings on 4/25/24 before the market open with $0.56, beating estimates of $0.473 per share.

Honeywell (HON) reported earnings on 4/25/24 before the market open with $2.25, beating estimates of $2.176 per share.

Merck (MRK) reported earnings on 4/25/24 before the market open with $2.07, beating estimates of $1.936 per share.

Intel (INTC) reported earnings on 4/25/24 after the market close with $0.18, beating estimates of -$0.035 per share.

Microsoft (MSFT) reported earnings on 4/25/24 after the market close with $2.94, beating estimates of $2.815 per share.

Chevron (CVX) reports earnings on 4/26/24 before the market open with $2.93, beating estimates of $2.837 per share.

3M (MMM) reported earnings on 4/30/24 before the market open with $2.39, beating estimates of $2.082 per share.

Coca Cola (KO) reported earnings on 4/30/24 before the market open with $0.74, beating estimates of $0.694 per share.

McDonald’s (MCD) reported earnings on 4/30/24 before the market open with $2.66, beating estimates of $2.712 per share.

Amazon (AMZN) reports earnings on 4/30/24 after the market close with $0.98, beating estimates of $0.809 per share.

Amgen (AMGN) reported earnings on 5/2/24 after the market close with $3.96, beating estimates of $3.756 per share.

Apple (AAPL) reported earnings on 5/2/24 after the market close with $1.53, beating estimates of $1.507 per share.

Disney (DIS) reported earnings on 5/7/24 before the market open with $1.21, beating estimates of $1.117 per share.

Home Depot (HD) reported earnings on 5/14/24 before the market open with $3.63, beating estimates of $3.611 per share.

Cisco (CSCO) reports earnings on 5/15/24 after the market close.

Walmart (WMT) reports earnings on 5/16/24 before the market open.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) 340.50 (-0.13%) is down -1.75% in 2024.

Financial Calendar

04:00 AM ET IEA Monthly Report
07:00 AM ET MBA 30-Year Mortgage Rate, 7.18%
07:00 AM ET MBA Mortgage Applications (WoW), 2.6%
07:00 AM ET MBA Purchase Index, 144.2
07:00 AM ET Mortgage Market Index, 197.1
07:00 AM ET Mortgage Refinance Index, 477.5
08:30 AM ET Core CPI (MoM) (Apr), 0.3%, 0.4%
08:30 AM ET Core CPI (YoY) (Apr), 3.6%, 3.8%
08:30 AM ET Core CPI Index (Apr), 317.73, 316.70
08:30 AM ET Core Retail Sales (MoM) (Apr), 0.2%, 1.1%
08:30 AM ET CPI (MoM) (Apr), 0.4%, 0.4%
08:30 AM ET CPI (YoY) (Apr), 3.4%, 3.5%
08:30 AM ET CPI Index, n.s.a. (Apr), 313.76, 312.33
08:30 AM ET CPI Index, s.a (Apr), 312.23
08:30 AM ET CPI, n.s.a (MoM) (Apr), 0.65%
08:30 AM ET NY Empire State Manufacturing Index (May), -10.80, -14.30
08:30 AM ET Real Earnings (MoM) (Apr), 0.3%
08:30 AM ET Retail Control (MoM) (Apr), 1.1%
08:30 AM ET Retail Sales (YoY) (Apr), 4.27%
08:30 AM ET Retail Sales (MoM) (Apr), 0.4%, 0.7%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Apr), 1.0%
10:00 AM ET Business Inventories (MoM) (Mar), 0.0%, 0.4%
10:00 AM ET Fed Vice Chair for Supervision Barr Speaks
10:00 AM ET NAHB Housing Market Index (May), 51, 51
10:00 AM ET Retail Inventories Ex Auto (Mar), -0.1%, -0.1%
10:30 AM ET Crude Oil Inventories, -1.350M, -1.362M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.307M
10:30 AM ET Crude Oil Imports, -0.353M
10:30 AM ET Cushing Crude Oil Inventories, 1.880M
10:30 AM ET Distillate Fuel Production, 0.275M
10:30 AM ET EIA Weekly Distillates Stocks, 0.770M 0.560M
10:30 AM ET Gasoline Production, 0.099M
10:30 AM ET Heating Oil Stockpiles, 0.285M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 1.0%
10:30 AM ET Gasoline Inventories, 0.880M, 0.915M
11:00 AM ET Cleveland CPI (MoM) (Apr), 0.4%
12:00 PM ET Atlanta Fed GDPNow (Q2), 4.2%, 4.2%
12:00 PM ET FOMC Member Kashkari Speaks
15:20 PM ET FOMC Member Bowman Speaks
16:00 PM ET US Foreign Buying, T-bonds (Mar), 88.80B
16:00 PM ET Overall Net Capital Flow (Mar), 51.60B
16:00 PM ET TIC Net Long-Term Transactions (Mar), 89.3B, 71.5B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Mar), 71.50B

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